NEW YORK / ACCESSWIRE / June 19, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Twitter Inc, Facebook Inc, LinkedIn Corp, BullsnBears.com.
Twitter Inc (NYSE:TWTR)’s shares gained 1.89% to $38.74. The company has been on an $5+ uptrend over the last few sessions even though on June 12 said Chief Operating Officer Ali Rowghani resigned, in the biggest executive departure since the microblogging company’s initial public offering last year. Rowghani will continue to be a Twitter employee and act as a strategic adviser to Chief Executive Officer Dick Costolo, the San Francisco-based company said in a filing. Twitter said it will not fill the COO role.
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BullsnBears.com, Inc. (OTCMKTS:BNBI) an Innovator of real-time Streaming data, social media, and B2B small cap solutions all combined in one Revolutionary Investment Platform had a solid session yesterday. The BullsNBears stock was up as much 13.50% to $1.85, well off its session low of $1.15 on low volume. From the technical prospective, the stock looks to have bottomed and formed a base, with RSI clearly showing the sign of recovery. Importantly, it appears as if there will not be any big resistance moving forward.
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The company has been getting aggressive in the launch and development of it’s products. BullsNBears on Apr. 3 announced that the Company has engaged IR Affiliates and StockGuru.com for investor relations and market awareness. John Pentony, the President of IR Affiliates and StockGuru.com will operate as investor relations for Bullsnbears.com.
John Pentony of IR Affiliates and StockGuru.com commented, "I am a believer in what James Palladino is doing at Bullsnbears.com. With all the Company has going on right now, I see so many ways my company's properties can work in concert with Bullsnbears.com to the benefit of BNBI shareholders. I look forward to speaking to current and prospective shareholders." It seems interest is beginning to build in this small cap company.
LinkedIn Corp (NYSE:LNKD)’s shares gained 2.28% to $169.25. A federal judge in northern California has rule that the LinkedIn (NYSE: LNKD) can be sued by customers who say the business networking site violated their privacy. Plaintiffs in a class action lawsuit accuse Linkedin of harvesting third-party email accounts without the users' consent – appropriating their names, pictures, likenesses and identities "to advertise its products and services for a commercial purpose without Plaintiffs' consent," and for deceptive and unfair business practices.
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Additionally, the company on June 13 said it has more work to do in creating a diverse workforce, increasing the spotlight on the composition of technology companies. The professional social-networking service released data showing that 61 percent of its more than 5,400 employees are male, while 91 percent of U.S. employees are white or Asian. The disclosure on June 12 follows one from Google last month, when the world's largest search engine said just 30 percent of its 50,000 employees are women, while 91 percent are white or Asian.
Facebook Inc (NASDAQ:FB)’s shares gained 1.86% to $65.60. Facebook introduced an open design for a networking hardware, moving the technology industry toward cheaper machines and threatening incumbents such as Cisco Systems and Juniper Networks.
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Additionally, Facebook infringed on patents held by a Dutch computer programmer who tried to launch a similar site called "Surfbook" more than a decade ago, according to a lawsuit heard by a federal jury on June 11. The civil trial was underway in U.S. District Court in Alexandria, where social media giant Facebook is being sued by a holding company called Rembrandt Social Media. The lawsuit alleges that a Dutch computer whiz, Joannes Van Der Meer, filed for patents in 1998, claiming methods for running a web-based personal diary. The patents were issued in 2001 and 2002, before Facebook debuted in 2003.
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SOURCE: Market Buzz Report